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by riskguru
December 10th, 2014, 4:59 pm
Forum: Careers Forum
Topic: Lost my job - What's next?
Replies: 40
Views: 12518

Lost my job - What's next?

<t>QuoteOriginally posted by: ashkarYou could look into some risk consultancies or banking project management. I have always thought that might be a graceful exit point for senior people in trading.In the US at least, virtually all the regulatory agencies (Fed, OCC, FDIC) are more focussed on unders...
by riskguru
October 22nd, 2014, 3:53 pm
Forum: Careers Forum
Topic: Lost money at prop desk -- what to write on CV?
Replies: 16
Views: 5776

Lost money at prop desk -- what to write on CV?

Why do you think six months (ex the loss period) is meaningful to an employer anyway??
by riskguru
October 2nd, 2014, 4:25 pm
Forum: Student Forum
Topic: Hedging strategies
Replies: 5
Views: 3506

Hedging strategies

<t>QuoteOriginally posted by: acastaldoGeneralizing [and inspired by] daveangel's answer, I would say the hedges became hard to do for various reasons:(1) Extremely high implied vols, so puts are expensive. CDS are expensive (making Paulson rich), etc.(2) Doubts about the solidity of counterparties,...
by riskguru
September 11th, 2014, 3:50 pm
Forum: General Forum
Topic: Time Horizont for measuring market Risk
Replies: 27
Views: 5903

Time Horizont for measuring market Risk

<t>QuoteOriginally posted by: slacknoiseHas anyone here experience with real time VaR models concerning this topic?Incrementally, what are you trying to pick up with the "real time" version? Intraday trading? I would think this would be relatively straightforward if all you trade is cash equities? G...
by riskguru
August 21st, 2014, 10:27 am
Forum: Careers Forum
Topic: quant salaries in big 4 accounting firms
Replies: 20
Views: 60504

quant salaries in big 4 accounting firms

<t>QuoteOriginally posted by: londonerQuoteOriginally posted by: riskguruSlightly different sequencing to may of the points that have already been made (and summarized by Dominic).1. At junior levels, consulting firms view talent as fungible. You will get to do lot, get paid, but will eventually be ...
by riskguru
August 20th, 2014, 4:15 pm
Forum: Careers Forum
Topic: quant salaries in big 4 accounting firms
Replies: 20
Views: 60504

quant salaries in big 4 accounting firms

<t>Slightly different sequencing to may of the points that have already been made (and summarized by Dominic).1. At junior levels, consulting firms view talent as fungible. You will get to do lot, get paid, but will eventually be encouraged to move on, unless2. You are very good at selling new proje...
by riskguru
June 16th, 2014, 4:13 pm
Forum: Careers Forum
Topic: cqf graduate not finding a job
Replies: 53
Views: 12488

cqf graduate not finding a job

<t>QuoteOriginally posted by: Sprinteryour reply is not characteristic of a quant come recruiter. if my resume is shit after cqf and studying for and completing advance education I should better retire go into exile be a yogi and spiritually conceptualize the syntax of c++ programming language and w...
by riskguru
June 6th, 2014, 2:52 pm
Forum: Careers Forum
Topic: Options after a PhD
Replies: 49
Views: 9099

Options after a PhD

<t>QuoteOriginally posted by: Sprinterany sane individual reading this post will know who is BSing. what kind of a guy are you. you have grown this grudge against me over this post chain. you keep on bragging offensive remarks while I am replying to you telling you the reasonable facts. you go back ...
by riskguru
June 5th, 2014, 4:08 pm
Forum: Careers Forum
Topic: Looking Back On it All
Replies: 18
Views: 6823

Looking Back On it All

<t>QuoteOriginally posted by: traderjoe1976I should have stayed in academia. The stress was much less and the work was much more interesting and fulfilling and satisfying.That is funny, I was going to say the exact opposite, that I stayed in academia too long and shold have moved to Wall Street much...
by riskguru
June 3rd, 2014, 4:05 pm
Forum: Careers Forum
Topic: Options after a PhD
Replies: 49
Views: 9099

Options after a PhD

<t>QuoteOriginally posted by: Sprinterif you go and avail this opportunity you will find hard to disassociate yourself from these academic disciplines and teaching. I would still say you have the education you have the experience you should find a job.Your willingness to make these broad sweeping st...
by riskguru
May 8th, 2014, 4:35 pm
Forum: Student Forum
Topic: 3M LIBOR in different curencies
Replies: 11
Views: 5566

3M LIBOR in different curencies

QuoteOriginally posted by: Kamil90Thank you all! I think I grasped an idea of what LIBOR is and it has nothing to do with the FX market.What about if you also included FX forwards (and not just spot) in your defintion of FX markets??
by riskguru
April 22nd, 2014, 3:56 pm
Forum: Careers Forum
Topic: Career Change: Sell side Risk to Buy side risk
Replies: 1
Views: 5233

Career Change: Sell side Risk to Buy side risk

<t>I would distinguish between buy side/asset management and buy side/hedge funds. In the former the tendency is for the role to be more about compliance/operational risk issues (with all the caveats around the dangers of generalizing). The latter generally focuses a lot more on market risk/portfoli...
by riskguru
March 28th, 2014, 4:07 pm
Forum: Careers Forum
Topic: How to get a desk quant job if you're in the back office tech?
Replies: 27
Views: 14890

How to get a desk quant job if you're in the back office tech?

<t>QuoteOriginally posted by: psibladeZXAn update...I (correctly) forecasted that there would be layoffs in credit risk tech where I was (layoffs happened in January '14). So in August of '13 I moved over to a risk control role which I was supporting before.Now I am basically doing busy work. I chec...
by riskguru
March 24th, 2014, 3:41 pm
Forum: General Forum
Topic: Why is financial research useless?
Replies: 46
Views: 10537

Why is financial research useless?

But also consider how many of the top finance articles were not publised in mainstream finance journals in the first place! None of the M&M papers were, not Black Scholes, not Merton! I think that trend continues, except with even fewer genuine insights.
by riskguru
September 18th, 2013, 3:44 pm
Forum: Technical Forum
Topic: What is the difference between the methods (listed in content) in pricing convertible bond?
Replies: 7
Views: 7447

What is the difference between the methods (listed in content) in pricing convertible bond?

<t>I think besides the credit risk in the instrument itself the stock and spread dynamics are obviously correlated. I wonder whether that is the difference between the two approaches, the first one "ignores it" or assumes it is static, while the other approach recognizes spreads are blowing out as t...
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